Avnos Secures Up To $17 Million In Funding To Build Flagship DAC Facility

First-of-its-kind project marks huge leap to commercial scale

LOS ANGELES--(BUSINESS WIRE)-- Avnos, the global leader developing novel Hybrid Direct Air Capture (HDAC™) technology, today announced it has finalized a decision to build a first-of-its-kind HDAC facility, Project Cedar.

"With support from Shell and Mitsubishi Corporation, we’re building a replicable blueprint to scale HDAC worldwide. This new project makes clear that carbon removal can be real, repeatable, and scalable." Will Kain, CEO, Avnos

The project is funded through the release of up to $17 million in project financing under a phased agreement with Shell US Gas and Power, LLC (Shell) and Mitsubishi Corporation (Americas), extending Shell’s early support from Avnos’ Series A investment round. The funding will accelerate HDAC’s path to market, help drive down costs, and create a repeatable model for building carbon removal infrastructure at scale.

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Project Cedar - Avnos’ largest and most ambitious project to date - is scheduled to come online by the end of 2026. It will deploy four HDAC modules capable of capturing 3,000 metric tons of CO2 and producing more than 6,000 tons of clean water annually. The project will be based in the U.S., with the specific site to be announced at a later date.

Unlike traditional Direct Air Capture (DAC) systems, Avnos’ HDAC approach not only eliminates the need for external heat and water - two of the biggest cost and resource barriers to deployment - but produces clean water as a co-product. This unique water-positive design, combined with HDAC’s efficiency and flexibility of deployment settings, makes it ideally suited for real-world deployment across a wide range of industries and geographies.

Following this announcement, Avnos has secured access to more than $100 million in combined private and public funding to date, representing a key milestone in the company's commercialization roadmap.

“This collaboration validates that Avnos’ HDAC technology can deliver carbon removal under real-world conditions, without the heat and water constraints that limit conventional DAC,” said Will Kain, CEO of Avnos. “With support from Shell and Mitsubishi Corporation, we’re building a replicable blueprint to scale HDAC worldwide. This new project makes clear that carbon removal can be real, repeatable, and scalable.”

About Avnos

Integrating water at the heart of its technology, Avnos is rewriting the water–energy equation to scale Direct Air Capture (DAC) economically, responsibly, and sustainably. Its novel Hybrid Direct Air Capture (HDAC™) technology generates clean water as it captures CO₂ and eliminates the need for external heat input, resulting in the most resource-efficient, geographically flexible, and cost-effective approach to DAC at scale.

Avnos is advancing multi-million-dollar projects with Shell, Mitsubishi Corporation, the Office of Naval Research, and the U.S. Department of Energy, demonstrating HDAC’s potential to deliver scalable, revenue-generating carbon removal solutions across multiple industries. Learn more at www.avnos.com.